Switzerland votes on VAT rise

Sat 19th Aug 2017

Switzerland is to vote on September 24 whether to raise its VAT rate from 8% to 8.6%.

A gfs.com poll this week has put the in-favour vote at 53% of the electorate. The rise is designed to help fund pension fund reforms. The VAT increase would fund a compensation payment to retiring workers who will lose out on the reforms.

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